Crypto Clarity Act Fails in Senate, Bitcoin and XRP Tumble
A 49-50 Senate vote sank the Crypto Clarity Act. Bitcoin fell below $76,000, XRP dropped over 10%, and Coinbase and Circle shares slid sharply.
Micron Scales Up India Chip Plant as Modi Rallies Semiconductor CEOs
Micron plans a multi-fold scale-up of its Sanand, Gujarat chip facility as PM Modi urges semiconductor CEOs to back India’s next growth phase.
Leveraged Semiconductor ETF Drops 14% as Chip Stocks Sell Off
The Direxion Daily Semiconductor Bull ETF fell 14% as chip stocks including Nvidia and Micron faced a sharp selloff, highlighting the risks of leveraged funds.
AI Capex Boom Lifts S&P 500 15.2% as Caterpillar, Gates Industrial Ride the Wave
Auxier Asset Management’s Q2 2026 letter shows the S&P 500 rebounding 15.2% on AI infrastructure spending, with industrial names Caterpillar and Gates Industrial emerging as surprise beneficiaries.
Auxier Q2 2026 Letter: S&P 500 Rebounds 15.2% on AI Capex Boom
Auxier Asset Management’s Q2 2026 investor letter shows the S&P 500 rallying 15.2% as AI infrastructure spending lifts semiconductor and industrial names like Gates Industrial and Caterpillar.
Iran War Costs US Military $38 Billion, CBO Warns of Rising Bill
The Pentagon has spent over $38 billion fighting Iran, with equipment losses at $3.7 billion. The CBO warns costs could climb $2-3 billion more each month.
Ray Dalio Warns of US Debt Crisis Within Three Years
Billionaire investor Ray Dalio says a US debt crisis could hit in three years, give or take two, while Treasury Secretary Bessent argues the deficit has peaked.
Treasury Yields Hit 5% as Fed Nears First Rate Hike in 3 Years
The 10-year Treasury yield has climbed to 5% as markets price in a 94.5% chance of a Fed rate hike this week. Here is what it means for loans, stocks and your wallet.
Bitcoin ETFs Shed $288.7M as CLARITY Act Vote Fails in Senate
Spot Bitcoin ETFs lost $288.7 million and Bitcoin fell 4% to about $75,900 after the Senate voted 49-50 against the CLARITY Act. Here is what happened.
AI Bubble Fears Hit Marvell, Oracle as Fed Rate Hike Talk Swirls
Marvell and Oracle shares slide as investors weigh AI slowdown signals and speculation over a possible Fed rate hike. Here’s what the numbers show and what it means for your portfolio.